TaNvalley & Aftoghlone Project AnnM41 reportfor rfheYer Énded 311 JVovemb¢p 2022 P8 9 Statement of Financial Activities Note Unrestrleted Restrlcted funds fund8 Ttal 2022 Tota 2021 Incoming resour¢ei Donations and l¢gaci¢s Charitable a¢tiviti¢s 3,274 3274 9,901 2,960 696 9,901 Tot1 iD¢oming re50urre5 3,274 9.901 13,175 3,656 Resources expended Direct charitabl¢ expenditure Govemancc ¢Obts 21,142 910 21,142 910 14,758 Totkl resDurce5 expended 22.052 22,1152 15,218 Ne¢ movement in funds {18,778) 9,901 (&877} (11,562) RtconciliatiOD ofmovement In funds Fund balanccs al I. Drmber 2021 Nel movemcDt in funds lor the year 79,337 {18.778) 22.617 101,954 9,901 (&877} 113,516 (11.562) Fund balances at Tr4ovember 2022 60,559 32,518 93,077 101,954 All amounts above relate to the continuing operations of the company. The Company has no r¢cognised gains and losses other than those included above and therefore no separate statement of total recogtjised gains and losses has been preseTJted. There is no difference between the net mov¢menl in funds for the year stated above, and their bistorical cost equivalents.
Tonvalley & Ahaghlone Projeet Annual reporlfor they&r ended 31 November 2022 PAge 10 Statement of Financial Position (Balance sheet) Notes 2022 2021 Flxed asstts 106,676 116.949 Current asseti Debtor Cash at bank and in hand: Bank account Pety ¢ash 10 1,097 987 7,631 7,228 8,728 8,215 Credltors: arnounts falling due wiihin one y¢ar li (22J27) (23,209) Net eurrent (13,599) (14,994) Net asstts 93,1177 101,954 Funds employed Unrestrict¢d funds Restricted funds 93,077 101.954 93,077 101,954 ADDroved bv the board and signed on its behr by.. Paul Hampton Dlr.etnr Mark Hillis Direetor 19" July 2023 Registration number N1621678
Ttshwlley & Anaghlone Project Annu41 reporlfor théyéar ended S November 2022 Pge11 Notes to the accounts Aecountlng policies Basis ofaccounling The account5 have been prepared under the historical cost convention gnd in accordance with "The Financial Reporting Standard applicable in the UK and Republic of Ireland" FRS 102, Ihe Accounting and Rcpurling by Charitics= Statement of Rccommcnded Practice applicable to charities accounts in Ihe UK and Republic of Ireland (FRS 102). the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. IACOIAe All incoming resources are recogniscd in the Statcment of Fillan¢ial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. When an incoming resourcc relating to a future accounting period is Teceived, Ihe amount is treated as deferred income and it is included within creditor.4 in the balance sheet. Funds Tanvalley & Anaghlone Project has various types of llas for whi¢h it is responsibl¢ and which require separate dis¢losure. These are as follows= restricted income funds: income which is earn]arked by the donor for specific puoses. Such pury)oses are within the overall aims of ihe organisation. and unrestricted tidS.. funds which are expendable at ihe discretion of the nidvldgeinent board in furtherance of the objects of the organisation. In addition to expenditure on education or services. such funds may be held in ordcr tu fallL Cdpltdl invcslment and working capital. Costs Managcmcnt and administration costs relate to the costs of running the organisation such as the costs of mcctings and accountancy and include any cost5 which cannot be specifically identified to another expenditure classification. Depre(yalion Depreciation is calculated to write off tbe original cost less tbc estimated residual value of the fixed assets on a straight line basis over their expected useful lives. as follows.. Fre¢hold Property Fixtllrcs and fittings Computer equipment Straight line over 18 years 20 20
Tdnvalley & AHaghloh# fvojecl AnnHulreportfor thyar 3yh November 2(122 pge 12 Notes to the accounts (cont'd) Income from Donations and Legaries Unrestrlcted [ndS Re5tricied fu•d5 Total 2022 Total 2021 Ineomlng resources Donations Oth¢T Income 280 280 480 2,994 2,994 2,480 TotAI incoming resource5 3,274 3274 2,960 Income from Charitable Activities Unre$trlcted funds Restricted fndS Total 2022 Total 2021 Incoming resources ABC Council 2.171 2,171 AIVC Small Granls Community DAERA Ulst¢r-Scots Agency Co Operation Ireland Limavady 1,861 900 900 4,969 696 To¢al Incoming resource5 9,901 9,901 696
Tanvalley & Anaghlome Project Annual reportfor theyvur Énded JVovember2022 Page 13 Notes to the accounts (cont'd) Analysi$ of Dlrect Charitable Expenditure Unrestricted Restrleted funds funds Tolol 2022 Total 2021 Dlrect charitable expendlture Rent Insurance Telephone Post and Stationery Event Expenses Repairs and renewals Computer Costs Donations Sundry expens¢s Depreciation on Freebold Property Depreciation on fixtures and fittings D¢preciation on Computer equipmcnt Tot#1 direct charitsble expenditure 2.000 1,558 419 91 837 2.845 2,000 1,558 419 91 837 2,845 511 1,092 416 72 800 289 11.162 231 696 14,758 396 11,162 313 i.oio 21,142 396 11,162 313 21,142 The average number of ¢mployee5 during the year was nil. Analysis of Governan¢e Cost Expendlture Unrestricted Res¢rfi¢¢ed funds fund5 TotAI 2022 Total 2021 Governan¢e eosts Accountancy Audit General p¢seS AGM expenses Total managemtnt and administrAtlon 910 910 460 910 Remuneration Total remuneration paid to the board members during the year was £0 {2021 £0). Expenses paid to board members during the year amounled to £0 (2021 £0).
Tdvfilley & Anaghlone Project Afvnudl reportfor theyeur ended 30 November 2022 Page 14 Iyotes to the accounts (cont'd) Net movement in funds 2022 2021 Net movement fin funds is ststed #fter ehgrgingl(eredlting): Audito, remuneration audit setvices DepreKialion on tangible red ass¢ts 12,485 12,089 Taxatlon No provision for tsxation is required as the organisation has charitable staths approved by the Inland Revenue. Fixed a$sets Freehold Fixtures Computer property & flttlngs equipme¢ TotAI Cost At 1$1 D¢c¢mber 2021 Additions DTsposals At 30th November 2022 200,910 2,820 642 3.480 207,210 1,570 2,212 200,910 3,462 5,050 209,422 Aeeumulted depre¢iation At l December 2021 Charge for the year Disyosals At 301b November 2022 86,975 11,162 1,894 313 1.392 90,261 1.010 12,485 98,138 2,207 2.402 102,746 Net IM)ok value At 30th November 2022 AI 301h November 2021 102,772 113,934 1,255 927 2,784 106,676 2.784 116,949 10. Debtors 2022 2021 Pr¢paymentS ond 8r¢rued income 1,097 1,1197 987 987
Tdllvalley & AAdghlone Pyojeet reportfor tAeyeqr ended 30 November 2022 PAge 15 Notes to the accounts (cont'd) 11. Creditors 2022 2021 Other tax¢s and social security A¢cNals 21.677 650 22,609 600 22,327 23,209 12. GuArantor6 Tanvall¢y & Anaghlonc Proj¢cl is a company limiled by guarantee and it does not hdvc share capital. Every member of the Bureau undertdkes to contribute to the assets of the Bureau, in the event of the same being wound up while he is a member, or within one year after he ceases to be a member, for paytnclll of the debts and lidbilities of the Bureau contracted bcfore he ceases to bc a member and of the costs. charges and ¢xpenses of WiDding up and for th¢ adjustment of th¢ rights of the contributorffies among themselves, such amount as may be required not ex¢eeding £1.
Tanvalley & Art&ghloAe Pyojeci Ahllllrtl reportfor theyear Énded 3Q November 2022 P&ge16 The following schedules do not forni part of the audited statutory accounts of the company
Tgnvrtlley & Ahaghlone Pyoject Annu4TI reportfor theyeor ehded 3 November 2022 Pdge17 Detailed Statement of Flnancial Activities Unrestrl¢¢ed Restricted funds fund5 Totsl 2021 2022 Ineome ABC Council AICV Small Grants- Limavady Community DAERA Ulster-Scot5 Agency Co Opwation Irel Donations Other Income Total income 2.171 2,171 1,861 900 4.969 1,861 yoo 4,969 280 2,994 13,175 696 480 2.480 3.656 280 2,994 3,274 9.901 Direct charl¢able expenditure Rent Insurance Telephone Post and Stationery Eveni Expenses R¢pairs and ren¢wal$ Computer Costs Donations Sundry expenses Depreciati(Jn on Freehold ProperLy Deprecialion on fixtures and fitting Depreciati(Jn on Computcr cquipment Total direct charitable expenditurc 2,000 1.558 419 91 837 2,845 511 2,000 1,558 419 91 837 2,845 511 1,092 416 72 800 289 11,162 231 696 14,758 396 1.162 313 1.010 21,142 396 11,162 313 I,oio 21,142 Governance sts Accountancy Audit Total managemen¢ #nd Administrativn 910 910 460 910 910 460 Total re50urte expended 22,052 22,052 15218 Net movement on fund5 (18,778) 9,901 (8,8771 (11.562)